Japan’s second-largest telecom company, KDDI, announced today the formation of a new affiliate company in Myanmar. The country’s rapid political reforms this year have led to an influx of companies set up, or return to doing business within its borders. KDDI Myanmar, as its tentatively called, will begin operations in January 2013, and has been jointly established by the Japanese company and its subsidiary in Singapore.
KDDI says that the new offices in Myanmar will be the company’s 100th overseas location. But while in Japan KDDI offers a number of services, most notably cellular and data plans, in Myanmar they will only focus on business clients. The country currently has a population of nearly 50 million, and with the number of foreign businesses increasing, KDDI plans to fill the need for adequate offices space that can provide IT infrastructure and maintenance/operation services for those looking to rapidly launch their own operations. As a result, the “KDDI Myanmar Business Center” will be located in the center of Yangon, Myanmar’s largest city and former capital.
This new overseas establishment will also provide a big advantage to other Japanese companies entering the Myanmar market, as KDDI touts that it will offer “Japanese-quality” network construction and infrastructure, as well as support from Japanese citizens or proficient speakers of the language. KDDI joins the wave of Japanese firms eyeing growth in the small Asian country. Suzuki Motors has announced its intention to restart local production after it was halted in 2010 because of political and civil unrest. Likewise, airline All Nippon Airways (ANA) has resumed flights to Myanmar after a 12-year hiatus.
[via KDDI Press Release]
Comments Off on JDP Startup Corner: Pros & Cons of Working with a Partner in Japan